Farther Finance Advisors LLC Grows Position in Trane Technologies plc (NYSE:TT)

Farther Finance Advisors LLC grew its position in shares of Trane Technologies plc (NYSE:TT - Free Report) by 22.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,179 shares of the company's stock after purchasing an additional 592 shares during the quarter. Farther Finance Advisors LLC's holdings in Trane Technologies were worth $1,086,000 as of its most recent SEC filing.

Other large investors have also bought and sold shares of the company. Consolidated Planning Corp increased its stake in shares of Trane Technologies by 8.3% in the fourth quarter. Consolidated Planning Corp now owns 14,252 shares of the company's stock worth $5,264,000 after purchasing an additional 1,091 shares in the last quarter. Van ECK Associates Corp boosted its position in Trane Technologies by 4.9% during the 4th quarter. Van ECK Associates Corp now owns 52,058 shares of the company's stock valued at $19,228,000 after acquiring an additional 2,438 shares in the last quarter. Ethic Inc. grew its holdings in Trane Technologies by 150.1% in the fourth quarter. Ethic Inc. now owns 24,883 shares of the company's stock worth $9,190,000 after purchasing an additional 14,932 shares during the period. AustralianSuper Pty Ltd grew its position in Trane Technologies by 470.9% during the 4th quarter. AustralianSuper Pty Ltd now owns 179,794 shares of the company's stock valued at $66,407,000 after purchasing an additional 148,302 shares during the last quarter. Finally, Proficio Capital Partners LLC boosted its position in shares of Trane Technologies by 28.3% during the fourth quarter. Proficio Capital Partners LLC now owns 685 shares of the company's stock valued at $253,000 after buying an additional 151 shares during the last quarter. 82.97% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, insider Donald E. Simmons sold 3,571 shares of the firm's stock in a transaction dated Wednesday, April 30th. The shares were sold at an average price of $380.00, for a total value of $1,356,980.00. Following the completion of the sale, the insider now owns 3,593 shares in the company, valued at approximately $1,365,340. This trade represents a 49.85% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.38% of the company's stock.

Trane Technologies Trading Down 0.8%

Shares of NYSE:TT traded down $3.47 during trading on Friday, reaching $420.84. The stock had a trading volume of 1,230,048 shares, compared to its average volume of 1,344,761. The stock has a market cap of $93.85 billion, a price-to-earnings ratio of 37.41, a P/E/G ratio of 2.50 and a beta of 1.16. Trane Technologies plc has a 52 week low of $298.15 and a 52 week high of $436.61. The firm's fifty day moving average is $390.59 and its 200 day moving average is $376.99. The company has a debt-to-equity ratio of 0.58, a quick ratio of 0.88 and a current ratio of 1.21.

Trane Technologies (NYSE:TT - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The company reported $2.45 earnings per share for the quarter, topping analysts' consensus estimates of $2.20 by $0.25. Trane Technologies had a net margin of 12.94% and a return on equity of 35.37%. The company had revenue of $4.69 billion for the quarter, compared to the consensus estimate of $4.46 billion. During the same period in the previous year, the firm earned $1.94 EPS. The firm's quarterly revenue was up 11.2% on a year-over-year basis. As a group, equities analysts forecast that Trane Technologies plc will post 12.83 EPS for the current fiscal year.

Trane Technologies Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $0.94 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $3.76 dividend on an annualized basis and a dividend yield of 0.89%. Trane Technologies's dividend payout ratio is currently 31.28%.

Analysts Set New Price Targets

TT has been the topic of several recent research reports. UBS Group upped their price objective on Trane Technologies from $470.00 to $500.00 and gave the stock a "buy" rating in a report on Thursday, May 22nd. Citigroup boosted their target price on shares of Trane Technologies from $415.00 to $445.00 and gave the company a "buy" rating in a research report on Thursday, May 1st. Wells Fargo & Company upped their price target on shares of Trane Technologies from $330.00 to $370.00 and gave the stock an "underweight" rating in a research report on Thursday, May 1st. JPMorgan Chase & Co. boosted their price objective on shares of Trane Technologies from $334.00 to $400.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Finally, Royal Bank of Canada upped their target price on shares of Trane Technologies from $363.00 to $408.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 1st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, Trane Technologies currently has a consensus rating of "Moderate Buy" and an average target price of $427.47.

Trane Technologies Company Profile

Trane Technologies plc, together with its subsidiaries, designs, manufactures, sells, and services of solutions for heating, ventilation, air conditioning, custom, and custom and transport refrigeration in Ireland and internationally. It offers air conditioners, exchangers, and handlers; airside and terminal devices; air sourced heat pumps, auxiliary power units; chillers; coils and condensers; gensets; dehumidifiers; ductless; furnaces; home automation products; humidifiers; indoor air quality assessments and related products; large and light commercial unitary products; refrigerant reclamation products; thermostats/controls; transport heater products; variable refrigerant flow products; and water source heat pumps.